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Mysterium’s MYST Token Sale Opened on May 30, 2017: Terms and Outcome

Mysterium’s MYST token sale opened on May 30, 2017, with a 6 million CHF soft cap and a final announced hard cap of 14 million CHF. Here are the historical terms and reported result.
From TheFinanceBase Team3 min to read
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Mysterium Network’s MYST token sale opened on May 30, 2017. The project’s final pre-sale announcement set a 6 million CHF soft cap, a 14 million CHF hard cap and a 72-hour contribution window after the soft cap was reached. Mysterium’s roadmap later reported that the sale raised 14 million CHF. The sale is over; these are historical terms, not an offer to contribute today.

When did the Mysterium token sale open?

Mysterium announced on May 25, 2017 that token creation would open on May 30. The contemporary announcement described the event as a token creation and invited contributions. Mysterium’s May 25 announcement

What were the sale’s final announced terms?

A May 29 update revised parts of the initial proposal. The figures below distinguish that final pre-sale announcement from the earlier terms and the whitepaper’s planned mechanics.

Term What Mysterium announced
Soft cap 6 million CHF. The May 29 update retained the threshold first announced on May 25.
Hard cap 14 million CHF, set in the May 29 update. This replaced the May 25 post’s preliminary estimate of roughly 10 million CHF.
After reaching the soft cap Contributions would remain open for 72 hours, according to the May 29 update.
Funds after the sale The May 29 update said collected funds would be held in a secure vault for two weeks while final checks were performed.
Initial bonus and price The May 25 announcement said 1 CHF would buy 1.2 MYST before the soft cap and 1 MYST after it—a 20% pre-soft-cap bonus. The May 29 update did not restate this pricing detail.

Read the May 29 update and the May 25 announcement.

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How could contributors pay, and how was MYST priced?

The project whitepaper named ETH as the primary contribution currency. It also described Bitcoin and fiat contributions through Bitcoin Suisse. Sale pricing was denominated in CHF: the whitepaper said the ETH-to-MYST rate would be calculated from the ETH/CHF rate at noon CEST on May 30, 2017, then fixed for the contribution period. These were the whitepaper’s stated mechanics; the later May 29 announcement controls where it revised earlier proposed sale terms. Mysterium Network whitepaper

How the terms changed before the sale

May 25: initial proposal

The first announcement set the opening date and 6 million CHF soft cap, but said the hard cap was still to be decided and estimated it at roughly 10 million CHF. It described a 24-hour extension after the soft cap, immediate token delivery with a lock of about three weeks, and a 20% bonus below the soft cap.

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May 29: final pre-sale update

Two days later, Mysterium set the hard cap at 14 million CHF and extended the post-soft-cap contribution period to 72 hours. The project also said the collected funds would be locked for two weeks. That fund lock is separate from the earlier announcement’s description of a token lock: the two statements concern different things, and they do not establish an exact unlock date for each participant’s tokens.

The whitepaper’s planned schedule said the creation could run for up to 14 days if the soft cap was not reached sooner, then accept contributions for 72 hours after the threshold. It also listed a 700,000 CHF minimum goal and refunds if that goal was missed. Because the May 29 announcement revised the earlier plan, its terms—not the whitepaper’s earlier schedule—are the relevant final pre-sale terms.

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How much did the sale raise?

Mysterium’s current roadmap says the completed sale raised 14 million CHF, matching the hard cap announced before the sale. This is the project’s retrospective figure, not an independently audited total. Mysterium Network roadmap

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Is the 2017 sale still open?

No. The project reports the token sale as completed. Mysterium’s current documentation describes MYST as the network’s native utility token, but that present-day description is not a continuation of the 2017 offer or a substitute for its historical terms. Mysterium Network documentation

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